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China likely to buy additional Malawi cotton, next year
20
Dec '10
In spite of being a leading producer of cotton globally, China is likely to continue procuring the commodity from Malawi even in the coming year. This is a positive development in favour of the cotton growers of the country.

As the textile industry is rapidly growing, cotton is largely demanded in the country. This has driven the country to import more of it.

The information came at a time when the cotton growers from Malawi were expressing their discontent over the price that was being paid for their produce during the last growing season.

Since the two countries – China and Malawi entered into diplomatic relations with each other in 2008, the trade between them has been growing rapidly.

Both the countries have inked several protocols with each other over the years, so as to facilitate hassle-free trade, particularly in the sphere of agriculture.

The cotton facility in Balaka is amongst the key projects intended at promoting agriculture in Malawi.

Presently, more than one hundred thousand cotton cultivators in Malawi are taking advantage from a cotton facility set up by the Chinese government in Balaka.

Just like many developing nations, the Chinese government too finds it beneficial to encourage exports of finished goods rather than raw materials.

Fibre2fashion News Desk - India


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